The 1031 Exchange has been one of the most tax efficient investment vehicles available to real estate investors for many years. However, with the creation of Opportunity Funds under the Opportunity Zone program, the 1...
I just received back my tax prep from my CPA and it includes my first ever 1031 Like Kind Exchange. The CPA is not including an expense for agent commissions and therefore I am showing a taxable gain. For illustration...
I'm preparing to file my taxes as a land lord for the first time and looking for some help. I own a duplex and live on the second floor but plan to move out and rent this floor. Can rehab costs for the second floor ...
I'm having trouble finding a definitive answer on this. Assuming I purchase a house with the intent to fix and flip in a 6 month window, do the carrying costs I pay increase my cost basis, such that my taxable profit ...
Long story short, I’m in a position where I want to sell a few houses to pay off the debt on my portfolio of real estate. I’ve concluded that my only real option here is to bite the bullet and pay capital gains. Does ...
Hey BP community! I've been wondering a bit more about seller financing as of recently (thanks to Pace Morby's ep). My question is if a person owns a property (rental) and they seller finance instead of selling the pr...
Hi all,
I am on a H1b visa W2 income. Spouse H4 visa no EAD stay- home-mum. We have been working together in acquiring investment properties. Can she qualify as a real estate professional under IRS rule to reduce tax...
I have read a lot about advantage of claim "active participation", but no article about any pros on NOT claiming active participation.
I have placed a couple of properties in service in 2019 and will have a loss that...
I have about $50,000 in unrealized stock market losses in my taxable brokerage account. I'm considering selling some of these securities for tax loss harvesting. I don't plan to change my exposure to equities, the pro...
I have read a lot about advantage of claim "active participation", but no article about any pros on NOT claiming active participation.I have placed a couple of properties in service in 2019 and will have a loss that c...